Community banker testifying today at House regulatory hearing

J. Michael Radcliffe—chairman and CEO of Community Financial Services Bank in Benton, Ky.—today is scheduled to testify before the House Financial Services Committee’s Subcommittee on Financial Institutions.

Details: The hearing, which is set to begin at 10 a.m. (Eastern time), will focus on regulatory overreach and the price tag on U.S. prosperity. Radcliffe is expected to testify on the role of community banks and the true cost of compliance.

Legislation: Several bills that would tailor regulations for community banks will be discussed during the hearing:

• The ICBA-supported TAILOR Act of 2025, which would promote tiered regulation of the banking industry.

• The ICBA-backed FDIC Board Accountability Act, which would reform and strengthen the FDIC board of directors by requiring the appointment of a member with experience in small depository institutions.

• The ICBA-supported Homebuyers Privacy Protection Act (H.R. 2808), which would help protect the financial privacy of mortgage applicants by curbing the sale of “trigger leads” by credit reporting agencies when consumers apply for a residential mortgage.

• The Tailored Regulatory Updates for Supervisory Testing (TRUST) Act of 2025, a discussion draft that would raise the consolidated asset threshold from $3 billion to $10 billion for banks to qualify for an 18-month examination cycle.

• The Supervisory Modifications for Appropriate Risk-based Testing (SMART) Act of 2025, a discussion draft that would provide well-managed and well-capitalized financial institutions under $10 billion in assets with alternating limited-scope exams.

Watch: Community bankers can watch the hearing live on the committee’s YouTube channel.